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B.A.G. Films & Media Ltd. ( (IN:BAGFILMS) ) has shared an announcement.
B.A.G. Films & Media Ltd. has approved the allotment of 9.8 million fully paid equity shares to promoter-group entity Skyline Tele Media Services Ltd. following the exercise and conversion of an equivalent number of previously issued warrants. The shares, with a face value of Rs. 2, were issued at Rs. 8.25 each, raising the 75% balance subscription of about Rs. 6.06 crore on a preferential basis.
This conversion is part of a larger preferential issue of 20 million warrants sanctioned earlier in the year, aimed at mobilising up to Rs. 16.5 crore in growth capital for the company. The latest allotment increases the company’s equity base and deepens promoter-group ownership, potentially strengthening its capital structure and aligning long-term interests of key stakeholders with the company’s strategic plans.
More about B.A.G. Films & Media Ltd.
B.A.G. Films & Media Ltd. operates in the Indian media and entertainment industry, with activities spanning television, film, and related content production. The company focuses on creating and distributing media products for broadcast and digital platforms, targeting audiences across India through its presence in Film City, Noida, and related media hubs.
Average Trading Volume: 19,366
Technical Sentiment Signal: Sell
Current Market Cap: 787.7M INR
Find detailed analytics on BAGFILMS stock on TipRanks’ Stock Analysis page.